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Just another WordPress siteFri, 22 Feb 2019 13:01:34 +0000en-UShourly1https://wordpress.org/?v=5.0.3XRP Price Seems Poised to Rebound yet may Lose the 8,000 Satoshi Levelhttp://xbtnews.net/2019/02/xrp-price-seems-poised-to-rebound-yet-may-lose-the-8000-satoshi-level/
http://xbtnews.net/2019/02/xrp-price-seems-poised-to-rebound-yet-may-lose-the-8000-satoshi-level/#respondFri, 22 Feb 2019 13:01:34 +0000http://xbtnews.net/2019/02/xrp-price-seems-poised-to-rebound-yet-may-lose-the-8000-satoshi-level/While most of the top crypto markets are returning to the green all of a sudden, it […]

While most of the top crypto markets are returning to the green all of a sudden, it would appear the same doesn’t apply to the XRP price just yet. More specifically, Ripple’s native asset is still in the red in both USD and BTC value. In fact, there is a genuine chance the asset will drop below the 8,000 Satoshi level over the weekend.

XRP Price Remains Under Pressure

It is always a bit unusual to see how digital assets and cryptocurrencies follow different market trends more often than not. Whereas Bitcoin and Ethereum are trying to reclaim some lost value in quick succession, things are a bit different where XRP is concerned. This particular asset is still under pressure, although it successfully reclaimed the $0.321 level.

To put this in perspective, the past few hours have not resulted in much exciting momentum for XRP. While the XRP price is down by just 0.2% in USD value, the XRP/BTC ratio has decreased by another 1%. This is not the trend traders and speculators are looking for whatsoever. Especially those who bought XRP in the hope of improving their BTC holders will not be too happy with how things are going.

While the price momentum may not be too appealing, the XRP community remains versatile on social media. XareP is eager to point out how XRP is “the best digital asset”. While it certainly better than some alternative solutions on the market, claiming it is the best outright may be a bit of a stretch. Even so, it would appear there is some merit to this statement as well.

XRPPaynter, on the other hand, tries to point a finger of blame as Western Union and their current business model. The high transaction fees associated with this remittance solution are quite steep, especially for those who do not have access to traditional banking solutions or other financial tools.

The Western Union CEO is off target for the market he serves. The $15-25 fees on $250 transferred is outrageous for the unbanked. That fee would be much better served in the consumer’s hand. #XRP can completely change the fee structure while still offering WU a good margin.

TheCryptoArtist, who is mainly interested in determining where the Bitcoin price is headed, remains somewhat bullish given the current circumstances. More specifically, he expects a major push to $4,500 in the next week, which is always interesting to keep an eye on. That bull run would also be quite interesting for XRP, although it may not necessarily benefit from this uptrend either.

When looking at the bigger picture, one has to wonder what will come next for XRP. There is a genuine chance the USD value per XRP will rise again in the near future, simply because Bitcoin is rising in value. However, the XRP/BTC ratio, on the other hand, will potentially remain under a lot of pressure and drop below 8,000 Satoshi fairly quickly.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

]]>http://xbtnews.net/2019/02/xrp-price-seems-poised-to-rebound-yet-may-lose-the-8000-satoshi-level/feed/0MyEtherWallet Introduces a KYC-Free Crypto-to-Fiat Conversionhttp://xbtnews.net/2019/02/myetherwallet-introduces-a-kyc-free-crypto-to-fiat-conversion/
http://xbtnews.net/2019/02/myetherwallet-introduces-a-kyc-free-crypto-to-fiat-conversion/#respondFri, 22 Feb 2019 09:19:23 +0000http://xbtnews.net/2019/02/myetherwallet-introduces-a-kyc-free-crypto-to-fiat-conversion/Companies active in the cryptocurrency world need to keep growing and evolving at all times. That is […]

Companies active in the cryptocurrency world need to keep growing and evolving at all times. That is often easier said than done for most service providers. MyEtherWallet has introduced a new feature which many users will enjoy. Users can exchange crypto to fiat without KYC verification.

An Unexpected Gift From MyEtherWallet

Most cryptocurrency enthusiasts are familiar with the MyEtherWallet platform. It is a user-friendly way of dealing with Ethereum balances, ERC20 tokens, and even swaps between supported currencies and tokens. It offers quite a bit of functionality for users to benefit from, although the team has been looking for ways to attract even more users in the future.

One way of doing so is by enabling a feature a lot of users can get behind. For the MEW team, that feature comes in the form of introducing crypto to fiat conversions. While there is no need for users to go through a KYC verification procedure, one has to keep in mind there will be some limitations in place. For example, it is not possible to convert more than CHF 5,000 at this time.

To put this in perspective, the MyEtherWallet team is working together with Bity to provide this functionality. More specifically, Bity is a Swiss brokerage firm which provides crypto services to its clients. While their focus primarily lies on Crypto ATMs, it would appear the integration with MEW brings their crypto-fiat gateway to anyone in the world. That also means users will not need access to one of the company’s ATMs to obtain their cash.

Some people may wonder how these companies can provide such a service without KYC verification. Especially in Europe, companies are forced to verify the identity of all their users these days. Bity is compliant with Switzerland’s AMLA and uses “proof of wallet ownership” to remain compliant. A bit of a different approach to adhering to these guidelines, but it seems this cause no problems with the Swiss government so far.

There is a minor bit of verification users will have to go through. Confirming they own a phone number is not the biggest hurdle in this industry. All Bity needs are the bank details, which will not be stored by the MyEtherWallet team. This functionality will be quite valuable to a lot of users. The main question is whether these limits can be lifted at some point in the future. It appears this limit applies to individual transactions, rather than a “hard cap” per account.

A lot of cryptocurrency users are looking for ways to bypass KYC requirements when converting Bitcoin and altcoins. At this time, MEW facilitates Bitcoin and Ethereum conversions to and from Euros and Swiss Francs. This is a very remarkable development for the crypto industry as a whole. Solutions like these are direly needed to attract more investors and speculators in the future.

]]>http://xbtnews.net/2019/02/myetherwallet-introduces-a-kyc-free-crypto-to-fiat-conversion/feed/0Cardano Price Holds its own At $0.045 As Galaxy S10 Support Rumors Spreadhttp://xbtnews.net/2019/02/cardano-price-holds-its-own-at-0-045-as-galaxy-s10-support-rumors-spread/
http://xbtnews.net/2019/02/cardano-price-holds-its-own-at-0-045-as-galaxy-s10-support-rumors-spread/#respondFri, 22 Feb 2019 08:53:06 +0000http://xbtnews.net/2019/02/cardano-price-holds-its-own-at-0-045-as-galaxy-s10-support-rumors-spread/With Bitcoin still stuck in a bit of a rut right now, it is unlikely the alternative […]

With Bitcoin still stuck in a bit of a rut right now, it is unlikely the alternative markets will see any positive momentum. While the Cardano price is not necessarily in the worst of places whatsoever, its current market momentum is not too promising either. For now, the $0.045 level is under a fair bit of pressure, although it remains to be seen if it will hold.

Cardano Price Handles the Pressure Quite Well

One has to commend every alternative market which doesn’t drop off a proverbial cliff every time Bitcoin dips into the red slightly. Although Bitcoin’s pace will dictate the potential of other markets as well, it is pretty evident there is no reason for most alternative markets to drop off either. In the case of Cardano, the losses are a bit higher compared to BTC, but not necessarily all that spectacular either.

Over the past 24 hours, the Cardano price has dropped by 2.2% in both USD and BTC value alike. This brings the value per ADA to $0.045362, or 1,139 BTC. Both levels appear to be rather solid support first and foremost, although it wouldn’t take too much effort to send this alternative market either down or up. Its rather low trading volume can prove to be somewhat of a problem in this regard.

In the cryptocurrency world, there is never a boring day without rumors or speculation. In the case of Cardano, there is a rumor ADA will be added to the Samsung Galaxy S10 lineup with its built-in crypto storage. While there is always a chance a development like this will effectively occur, there is no official confirmation by the company or any of its representatives so far.

The real news this week comes in the form of Emurgo. This partner of Cardano has brought its Blockchain Academy Unit to India. To date, it remains unclear which role India will play in the world of cryptocurrency and blockchain. Given the uneasy regulatory developments in that part of the world, this launch may not necessarily yield the big successes Cardano holders are hoping for.

It is evident a lot of cryptocurrency users are looking at the current global financial situation with a bit of glee. Chad Stewart is a good example, as this user advises everyone to short the US Dollar and go long on Cardano. While that first part might make sense, the second part of his statement is not necessarily the best course of action.

For the time being, there will not necessarily be any major uptrend for any market until Bitcoin recovers. Although it is overdue for some markets to detach themselves from BTC in this regard, it appears none of them is capable of effectively doing so. Changing that situation will take a lot of time and effort. As far as Cardano is concerned, a drop below $0.045 may prove rather troublesome for the coming days.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

]]>http://xbtnews.net/2019/02/cardano-price-holds-its-own-at-0-045-as-galaxy-s10-support-rumors-spread/feed/0Stellar Price Loses More Ground Across the Boardhttp://xbtnews.net/2019/02/stellar-price-loses-more-ground-across-the-board/
http://xbtnews.net/2019/02/stellar-price-loses-more-ground-across-the-board/#respondFri, 22 Feb 2019 08:32:24 +0000http://xbtnews.net/2019/02/stellar-price-loses-more-ground-across-the-board/The going has gotten rather tough in the world of cryptocurrencies these past few days. An ongoing […]

]]>The going has gotten rather tough in the world of cryptocurrencies these past few days. An ongoing bearish trend is wreaking a bit of havoc among most of the alternative markets right now. While most top markets are trying to hold their own, the Stellar price is giving up a lot of ground. This appears to be a continuation of a one-month downtrend which will not relent.

Stellar Price Decline Continues Unabated

Although it has become somewhat quiet on the Stellar Lumens front, it would appear the price continues to decline as of late. For people who have been looking at XLM for more than a few days, this will not come as much of a surprise. This downtrend has been in effect for over a month now, ever since traders lost control over the $0.1 level.

Even the most recent market revival has not kept the XLM value afloat for very long. This became apparent in the past few hours, as the Stellar price has dropped by another 3% in USD value, to $0.088. In XLM/BTC, there is also a 2.4% decline, as one XLM is now priced at 2,234 Satoshi. It is evident this asset is not doing too well, and its trading volume is seemingly not picking up either.

On social media, it quickly becomes apparent some interesting discussions are taking place. Some people are actively discussing how old or new the XLM technology really is. According to Electra-Highway, the initial protocol is based on eight-year-old technology, which is not what most people would expect. However, that doesn’t automatically make it better or worse than some of its competitors on the market today.

The Stellar Consensus Protocol is not at all superior to the XRP Ledger Protocol. In fact, it is in many ways its equal and is only better than Ripple for certain applications and use-cases.

Coinogaritma, on the other hand, is currently looking at the price chart from a slightly different perspective. More specifically, this trader wonders how long it will take until XLM begins heading in a specific direction. For now, it is evident this can easily swing either way, primarily because the bearish pressure on Bitcoin will not relent anytime soon.

For those traders who simply want to pocket some profits and not worry about much else, triangular arbitrage will have one covered first and foremost. There is one interesting triangular arbitrage option involving HST, XLM, and a few different exchanges. This opportunity can net a potential profit of up to 42.8%, which is quite a spectacular amount under bearish circumstances.

All of the market signs seem to indicate today will not see much of a market reversal right away. The one positive side is how Bitcoin’s downfall is kept to an absolute minimum, even though alternative markets tend to lose a ton of value regardless. For XLM, the lack of an increased trading volume, combined with further XLM/BTC losses, can prove to be somewhat problematic.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

]]>http://xbtnews.net/2019/02/stellar-price-loses-more-ground-across-the-board/feed/0Become a Crypto Pioneer: Imagine Owning Your Own Social Networkhttp://xbtnews.net/2019/02/become-a-crypto-pioneer-imagine-owning-your-own-social-network/
http://xbtnews.net/2019/02/become-a-crypto-pioneer-imagine-owning-your-own-social-network/#respondThu, 21 Feb 2019 23:19:02 +0000http://xbtnews.net/2019/02/become-a-crypto-pioneer-imagine-owning-your-own-social-network/Most of the crypto projects start out by first raising lots of money, then attempting to execute […]

Most of the crypto projects start out by first raising lots of money, then attempting to execute on a bold vision. Today we are going to discuss a radically different approach taken by the team behind Pocketnet.app.

Pocketnet.app is a social network and publishing platform that is fully decentralized and is owned by its users. Unlike legacy blockchain platforms such as Steemit, Pocketnet has no corporation behind it. There is no ICO either. The whole network is ran algorithmically by a set of equal computer nodes, just like Bitcoin. On Pocketnet you can post videos and blogs, subscribe to other users’ channels and rate content. You can also chat with fellow crypto pioneers through a peer-to-peer chat. Every highly rated post earns cryptocurrency token called Pocketcoin.

In just four days since the word-of-mouth beta test launch, Pocketnet has attracted over a hundred blog posts on a multitude of topics. Many users already earned Pocketcoin for posting high quality content.

How It Works

Pocketnet is stored securely on computer nodes with no identifying personal information. Login with a private key is as simple as opening an email account. Open sourced Pocketnet is a radical departure from the old centralized platform model of Facebook, Youtube and others. These platforms are losing trust and their whole business is built on people trusting them, so that nobody checks behind the curtain.

Who is Behind It

Pocketnet is built by an international team of developers, mathematicians and marketers. Everyone who volunteers for the project shares two characteristics. One is exceptional professionalism and track record of professional achievement in a high stakes setting. And the other one is love of decentralization and desire to empower individuals on the web.

Why Centralized Platforms Such As Facebook Are Entering Shrinkage Period

Nobody is going to argue that Facebook or Twitter are in danger of disappearing. However, the trend has been decidedly negative for Facebook and is starting to look that way for others as well. Why?

Centralized platforms will become vulnerable, because they waste resources. The user experience that Facebook provides could be created with a tiny fraction of its budget. This is true for any big centralized platform. Most of the money they spent is used to track people, gather their data and monetize it. And in pursuit of earnings, many rules are bent and scandal after scandal erupts, as the user trust is eroding.

Every time you post something on a centralized social platform, you are acting as a volunteer content creator to enrich them. Every time you read or watch something on Youtube, you are acting a volunteer ad seller to Youtube. Corporate platforms start out by being nice to participants in order to attract them. But when they get bigger and users are locked in, the platform can change the rules to take bigger and bigger share of the earnings. If smaller competitors try to offer users something better and start growing, they are bought out. But a non-corporate platform like Bitcoin or Pocketnet cannot be bought out this way to make it go away.

Advertisers will also eventually look to diversify away from opaque centralized platforms. According to the latest allegations half of users on Facebook are not real and ad views are artificially inflated by up to 10X. A blockchain platform like Pocketnet.app provides complete transparency to the brands about interactions with their content, but without compromising anyone’s personal data.

Why you need to join Pocketnet

To summarize, here is why you need to join pocketnet.app

No corporation; owned by you as the user

You get compensated in Pocketcoin for every highly rated post you make

Connect with fellow crypto pioneers through peer-to-peer group discussions

Nobody owns your personal data

Go to pocketnet.app to get your private crypto key to start posting and rating content today. Very rarely do you get a choice to participate in something game-changing early on. You can shape social networking of the future, while getting crypto for simply participating.

P.S. First 5,000 users who create two posts will get a limited issue Founder’s badge on their profile. Join today.

When all cryptocurrency markets turn bearish all of a sudden, people often look at Dogecoin. Whether that is a good thing or not remains up for debate. Under these circumstances, the Dogecoin price is holding its own somewhat. Despite minor losses in USD and BTC value, it would appear the $0.002 level will hold after all.

Dogecoin Price Stays the Course

It is never fun to see all of the cryptocurrency markets in so much peril all of a sudden. Although it was a matter of time until a correction of sorts kicked in, it appears a lot of markets are struggling to keep the momentum going right now. Dogecoin is a positive exception in this regard, although it too is dealing with bearish pressure of its own.

In the past few hours, it would appear the Dogecoin price has lost roughly 2.2% of its USD value. There is also the 1.2% setback in DOGE/BTC which is perhaps more worrisome. One DOGE is currently priced at 51 Satoshi, yet there is a genuine chance this level will not hold for much longer.

Cryptocurrency is a very interesting business, but one that is often seen from the wrong perspective. When it comes to Dogecoin, very few people own over 100,000 DOGE at this time. That is very surprising, especially when considering how this altcoin has never been too expensive to begin with. The number of people owning 1 million or more represents 0.26% of all DOGE wallets.

When the price doesn’t want to work in people’s favor, memes can often save the day. If there is any cryptocurrency which can generate plenty of memes, it is none other than Dogecoin. Crypto and Hot Rods shares a very interesting one pertaining to mining this altcoin. It will undoubtedly be appreciated by the community during these bleak times.

A second meme comes in the form of just a happy dog on the swing. One wouldn’t necessarily assume dogs like to be on a swing, but it appears this one doesn’t mind it in the slightest. As such, this meme will put a smile on people’s faces which is all one can ask for at this time.

All of these signs point toward a very interesting upcoming weekend for all cryptocurrencies. Although one never knows how things will play out, Dogecoin is one of those markets which always remains in motion first and foremost. As such, the 50 Satoshi level and the $0.002 support will prove crucial in the hours and days to come. Whether either of them can hold is impossible to predict.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

]]>http://xbtnews.net/2019/02/dogecoin-price-retain-0-002-value-despite-bearish-pressure/feed/0NEO Price Drops by 5% as Bears Take Controlhttp://xbtnews.net/2019/02/neo-price-drops-by-5-as-bears-take-control/
http://xbtnews.net/2019/02/neo-price-drops-by-5-as-bears-take-control/#respondThu, 21 Feb 2019 20:27:10 +0000http://xbtnews.net/2019/02/neo-price-drops-by-5-as-bears-take-control/It is very difficult to find any real promising momentum in the cryptocurrency industry right now. As […]

It is very difficult to find any real promising momentum in the cryptocurrency industry right now. As Bitcoin remains in the red, the vast majority of alternative markets is dragged down as well. The NEO price, for example, is losing a lot of ground across the board. It remains to be seen if its value can remain above $8.5 for much longer.

NEO Price Gets a Beating

Even though Bitcoin is keeping its losses to a bare minimum right now, the same cannot be said for most altcoins on the market. NEO, for example, is losing four times as much value as Bitcoin, which shows how tough the times have gotten for all markets all of a sudden. Even though NEO has ample trading volume, it appears most people are intent on selling.

To put this in perspective, the NEO price has lost 5.5% in USD value and 4.8% against Bitcoin over the past few hours. This is in stark contrast to some bullish momentum which had begun forming earlier this week. Even so, no uptrend can be sustained indefinitely especially not in this volatile industry. As such, this may very well be the beginning of a steep downtrend for NEO.

Social media is always an interesting source for information pertaining to any cryptocurrency. Christoph K wouldn’t mind seeing the Vienna University of Economics and Business run a validator node for the NEO blockchain. While not necessarily impossible, one has to keep in mind they are only running a Bitcoin node right now and have no plans to expand upon this functionality.

Great job! Would love to see WU become a validator node for @NEO_Blockchain as addition to community and company nodes in their efforts to decentralize their network. #NEO

It would also appear a few projects are migrating from NEO onto other blockchain projects these days. The latest to do so is Effect.AI, a decentralized platform for artificial intelligence. They are also starting the #NEOtoEOS hashtag trend, which is not necessarily something to many people will appreciate. However, companies and projects need to do what is best for their particular needs.

Outside of directly buying and holding NEO, there are other ways to make money as well. Arbitrage trading can usually be very lucrative where altcoins are concerned, In NEO’s case, there is just one interesting opportunity, but it is one that can make nearly 1% in profit per trade. Not a bad profit by any means, especially under these bearish market circumstances.

For the time being, it is unclear how the NEO chart will evolve over the coming days. As the weekend draws near, it is always difficult to make sense of the markets. While the trading volume should be sufficient to keep the losses to a minimum, there is a genuine chance even more people will liquidate their holdings in the next few hours.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

When Bitcoin goes in the red again, a sudden sea of bearish pressure emerges upon all alternative markets. Today is once again one of those days where no project seems to note real gains. One interesting exception is the VeChain price. Despite some hourly bearish pressure, its overall price trend remains intact.

VeChain Price Trend Trucks Along Nicely

It is always interesting to see how the different alternative markets handle Bitcoin’s bearish momentum. As can be seen on the market cap tracking sites, most of them are not doing too well right now. In the top 15, VeChain is the only notable exception in this regard. Its uptrend is still intact, primarily because the altcoin continues to gain in BTC value.

Over the past 24 hours, the VeChain price has risen by 5% in USD value and nearly 6% in BTC value. Because of these gains, the VET price sits at $0.004547, or 115 Satoshi. That in itself is pretty remarkable for many different reasons, primarily because the overall industry trend is anything but positive or stable right now.

On social media, there is no shortage of people trying to explain the benefits of VeChain, Pablo Wilco goes as far as directly addressing Elon Musk in terms of using VeChain for Tesla-oriented ventures. A bit of a bold move first and foremost, although those who dare take some risks often achieve success. For now, musk has not responded to this “challenge” as of yet.

Maybe look into #VeChain and what they are doing with automobiles, maintenance, carbon credits and blockchain. BYD could provide some insight for Tesla.

Scott has seemingly missed all of the recent crypto winter, for some unknown reason. While it is true VET hit an ATH that was much higher at one point, those days are long gone. The current value of below $0.005 is not instilling much confidence in that regard. However, it seems the ATH of $10 is not entirely accurate either. That figure only comes to surface where long-term price speculation is concerned.

What the hell happened to the price of VeChain. I thought it was a decent project a while back. ATH $10ish. November $2ish. Currently $0.005!#VeChain#vet

Br1ght Eyes seemingly has no shortage of positive thoughts where the VET price is concerned. Although this token has yet to reach $0.005 again, this user expects the momentum to top out near $0.0053. A bold prediction, given the overall market momentum. Even so, if VeChain bucks the overall trend, that price point may not be ludicrous either.

For the time being, no one should dump everything into VeChain in search of quick profits. While the altcoin is still going strong, it seems unlikely it will buck the bearish pressure for a long time. Additionally, VET has rather bleak trading volume, which may prove insufficient to sustain the uptrend. Reaching $0.005 will seemingly not occur today.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

The bearish pressure continues to mount across all crypto markets. This is not entirely surprising, as it has been brewing for quite some time now. The XRP price, for example, is losing a lot of ground fairly quickly. This is primarily because its overall trading volume has receded in the process, which is never a good sign.

XRP Price Faces a Fairly big Struggle

Although the year 2019 was off to a pretty good start for more cryptos, tokens, and digital assets, the momentum can always turn around on a dime. A few days of ongoing bullish pressure now culminate in a correction of sorts for all markets. XRP is not an exception in this regard, as its value is declining pretty quickly. For now, it remains to be seen if the $0.32 level can be supported in an official manner.

Over the past few hours, the XRP price has lost 2.4% in USD value. Not the biggest decrease traders and holders have seen in the past year, but still a bit worrisome after the promising run this week. Because of this dip, the value per RP now sits at $0.3202. There is also a 1.6% drop in XRP/BTC, down to 8,114 Satoshi.

While some people may expect a lot of whining on social media, that is not necessarily the case Bank XRP shared a video which has seemingly gone by unnoticed for a long while. It appears Euro Exim Bank’s Graham Bright attended the Ripple Regions: Europe 2018 event last year. While this has been a while in the past, the information in this video can still be very valuable to the right people.

XRPBoy is also quite happy with XRP as a whole, regardless of what the current price may look like. In fact, he expects the vision of Brad Garlinghouse to come true. JPMCoin will not necessarily pose real competition, according to Brad. It is a very different type of asset compared to Ripple’s, albeit they will seemingly coexist in the very near future.

There is still a lot of dismay when it comes to Coinbase’s attitude toward Ripple’s XRP asset. While the company has zero intention to list this asset, it seems there are some conspiracy theories brewing already. Cryptoverify, for example, expects Coinbase to trade JPMCoin rather than XRP. A bit of an odd and unfounded statement, although one that will spark some discussions regardless.

What is a bit odd about XRP right now is how its overall trading volume fails to impress. Although $644.5m is nothing to sneeze at, it pales in comparison to other markets. All of those competitors seemingly noted some increase in volume, whereas XRP has remained at a standstill. For the time being, it remains to be seen how this will evolve in the coming hours. The bearish pressure is not as intense as a few months ago, after all.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

]]>http://xbtnews.net/2019/02/xrp-price-gets-driven-down-yet-community-remains-excited/feed/0You May Be Richer Than Elon Musk, at Least in Bitcoinhttp://xbtnews.net/2019/02/you-may-be-richer-than-elon-musk-at-least-in-bitcoin/
http://xbtnews.net/2019/02/you-may-be-richer-than-elon-musk-at-least-in-bitcoin/#respondThu, 21 Feb 2019 17:38:11 +0000http://xbtnews.net/2019/02/you-may-be-richer-than-elon-musk-at-least-in-bitcoin/Many of us regard Elon Musk as one of the most influential innovators of our generation. Musk […]

Many of us regard Elon Musk as one of the most influential innovators of our generation. Musk is the brains behind Paypal, SpaceX, Neuralink, the Boring Company, Tesla and more. In the course of his innovations, he has racked up quite a fortune. According to Forbes, he is the world’s 54th richest person, worth $23 billion. But did you know you might be richer than him?

Earlier today, Musk replied to a tweet by CoinDesk about his opinion of cryptos.

That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.

So, there you have it. If you own more than 0.25 bitcoins, you are richer than the great Elon Musk. He may be $23 billion richer, but who cares? What matters is crypto, right?

Musk has been a crypto proponent for a long time, openly expressing his belief that cryptos will overhaul the traditional financial system. He reiterated his belief recently, stating that cryptos offer a better alternative to the conventional fiat currencies.

Musk was speaking in a podcast with Tasha Keeney and Cathie Wood, executives at Ark Invest, an investment firm based in New York. Musk was asked if he agreed with Twitter founder Jack Dorsey’s view that there will be one digital currency to rule them all.

In his response, he stated that he believes paper money was going away. Cryptos bypass currency controls, giving the users power over the currency they use. “Crypto is a much better way of transferring money than pieces of paper,” he stated.

Tesla into Crypto? Not Anytime Soon

However, don’t be too quick to think that this means Tesla is considering venturing into crypto. While Musk is pro-crypto, he believes that Tesla and crypto are currently on opposite sides of the energy spectrum.

He stated:

But I’m not sure it would be a good use of Tesla’s resources to get involved in crypto. We’re really trying to accelerate the advancement of sustainable energy, and I think actually one of the downsides of crypto is that, computationally, it’s quite energy intensive. There had to be some kind of constraints on the creation of crypto, but it’s very energy intensive to create the incremental bitcoin at this point.

And indeed, energy requirement has continued to be cryptos’ Achilles heel. The mining process requires intense computing power and consequently, it uses a lot of energy. This has been one of the key reasons some miners have shut down operations in the bear market.

In the past, some have suspected that Musk is the pseudonymous Satoshi Nakamoto. In fact, some crooks have used this to defraud people on social media with fake promotions. Of course, Musk has come out to categorically deny this.

And while he may not be Satoshi Nakamoto – I say may not be because we still don’t know for sure he isn’t – Musk believes that the Bitcoin creator deserves a Nobel award. He tweeted:

Whoever owns the early BTC deserves a Nobel prize in delayed gratification